PepsiCo (PEP) Q4 2025 earnings

PepsiCo It reported on Tuesday that quarterly earnings and revenue beat analysts’ expectations, boosted by higher organic sales across the business.

Shares of the food and beverage giant fell more than 1% in premarket trading.

Here are the company’s reported results compared to Wall Street expectations, based on a survey of analysts by LSEG:

• Earnings per share: $2.26, expected $2.24
• Revenue: $29.34 billion, expected $28.97 billion

Pepsi reported that net income attributable to the company in the fourth quarter was $2.54 billion, or $1.85 per share, compared to $1.52 billion, or $1.11 per share, a year earlier.

Excluding restructuring and impairment charges and other items, the company earned $2.26 per share.

net sales It increased by 5.6% to $29.34 billion. Organic revenue, which excludes foreign exchange, acquisitions and divestitures, increased 2.1% in the quarter.

“PepsiCo’s fourth quarter results reflect a sequential acceleration in reported and organic revenue growth, driven by improvements in both the North American and International business,” CEO Ramon Laguarta said in a statement.

But the company is seeing volume declines across its business, particularly in North America. The metric excludes pricing and currency fluctuations to more accurately reflect demand. Global volume of food fell 2% in the quarter, while global volume of beverages rose 1%.

Pepsi also reiterated the 2026 outlook the company presented in December. The company expects organic revenue to increase between 2% and 4%, and core constant currency earnings per share will increase between 4% and 6%.